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October 13, 2008 10:51:53 AM CDT

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Stories related to: stock

Stories

18 Stories

  • July 2008

    • Apple Stock Dives Amid Jobs Health Rumors

      San Jose Mercury News  |  Jul 22, 08 4:00 AM CDT

      Apple Stock Dives Amid Jobs Health Rumors

      (Newser) - Apple reported one of its best third-quarter results ever yesterday, but its stock took a 17% nosedive amid rumors that CEO Steve Jobs is in poor health, reports the San Jose Mercury News . Jobs, who beat pancreatic cancer four years ago, appeared gaunt at a conference last month. Investors were also rattled by the company's conservative outlook for the fourth quarter. More »

      Tags

      Apple  • iPhone  • Steve Jobs  • investors  • stock

  • June 2008

    • Sleight of Hand Has IRS After Billionaire

      Wall Street Journal  |  Jun 9, 08 1:45 PM CDT

      Sleight of Hand Has IRS After Billionaire

      (Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and 2001; though the billionaire claims a technicality, the agency is looking into similar transactions. More »

      Tags

      IRS  • tax evasion  • stock  • capital gains tax  • loopholes

  • November 2007

    • BEA Posts 59% Jump in Profit

      San Jose Mercury News  |  Nov 16, 07 8:14 AM CST

      BEA Posts 59% Jump in Profit

      (Newser) - BEA Systems reported earnings up 59% in the third quarter yesterday, in the first audited quarterly statements released in over a year. The San Jose-based company's financials have been held up by a reporting dispute with the SEC. BEA hopes the higher-than-expected results will boost its case that the company is worth more than the Oracle bid of $17 a share it rejected, the San Jose Mercury News reports. More »

      Tags

      SEC  • Oracle  • stock  • BEA Systems

    • Bank Industry Woes Spill Over to RIM

      Reuters  |  Nov 9, 07 10:59 AM CST

      Bank Industry Woes Spill Over to RIM

      (Newser) - Research in Motion’s share price run-up ended yesterday on worries about softness in the banking industry, after Cisco Systems reported declining orders for its products, Reuters reports. The BlackBerry maker’s stock was up 140% since June, with analyst raising price targets 30-50% after its Oct. 5 quarterlies. RIM closed off 6.4%, $8.55, on Nasdaq at $122.48. More »

      Tags

      BlackBerry  • stock  • Cisco  • Research in Motion

  • September 2007

    • Billionaire Takes Huge Stake in Bear Stearns

      Reuters  |  Sep 10, 07 3:30 PM CDT

      Billionaire Takes Huge Stake in Bear Stearns

      (Newser) - Billionaire Joseph C. Lewis has bought enough stock to become the largest single shareholder in embattled investment bank Bear Stearns, Reuters reports. The reclusive British-born currency trader bought up $860.4 million in shares over the last month, nabbing a 7% stake. Putnam Investing, the second largest shareholder, owns a 6% stake. More »

      Tags

      Bear Stearns  • mortgage  • banking  • shareholders  • stock

  • August 2007
  • July 2007
  • June 2007

    • Dow Jones Scenarios Multiply

      Wall Street Journal  |  Jun 18, 07 8:35 AM CDT

      Dow Jones Scenarios Multiply

      (Newser) - Members of the Bancroft family would retain a stake in Dow Jones after selling a majority interest to GE and Pearson if one possible arrangement plays out, media outlets owned by the players are reporting. The Wall Street Journal outlines a venture incorporating Dow Jones, Pearson's Financial Times, and GE's CNBC; the FT reports that GE intends to move quickly. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • shareholders  • Bancroft family  • stock  • Pearson  • GE

    • Senate Puts Blackstone on Notice

      Bloomberg  |  Jun 15, 07 12:48 PM CDT

      Senate Puts Blackstone on Notice

      (Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather than the 15% capital gains rate that currently applies—passes. More »

      Tags

      Senate  • private equity  • taxes  • hedge fund  • IPO  • Blackstone Group  • stock

  • May 2007

    • China Markets Turn on Lucky Numbers

      Wall Street Journal  |  May 24, 07 10:59 AM CDT

      China Markets Turn on Lucky Numbers

      (Newser) - The Journal probes the Chinese practice of picking stocks based on traditional lucky numbers. In a country where middle-class novices dominate the market, new investors snap up stocks with codes that include auspicious 8s, and steer clear of those with ominous 4s. That worries analysts aware of the ripple effect of Chinese trading. "This is a reflection of a very immature market," says a JPMorgan sinologist. More »

      Tags

      China  • business  • stock  • market  • Chinese stock market

    • China Deals on Finance, Skips Currency

      Bloomberg  |  May 23, 07 4:59 PM CDT

      China Deals on Finance, Skips Currency

      (Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows American investors to purchase larger amounts of Chinese stock. More »

      Tags

      China  • US economy  • Henry Paulson  • finance  • reform  • currency  • stock  • yuan  • Wu Yi

    • China to Buy $3B Stake in Blackstone

      Financial Times (UK)  |  May 21, 07 7:18 AM CDT

      China to Buy $3B Stake in Blackstone

      (Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market booming almost as much as China itself. More »

      Tags

      China  • business  • private equity  • IPO  • Blackstone Group  • stock  • Stephen Schwarzman

    • Thomson Aims to Buy Reuters

      Globe and Mail  |  May 9, 07 8:00 AM CDT

      Thomson Aims to Buy Reuters

      (Newser) - Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been in talks with Reuters for months.  More »

      Tags

      Dow Jones  • Rupert Murdoch  • news  • stock  • Reuters  • Thomson

  • April 2007